Plymouth Industrial REIT Declares Dividend for the Third Quarter of 2021

Plymouth Industrial REIT Declares Dividend for the Third Quarter of 2021

BOSTON–(BUSINESS WIRE)–
Plymouth Industrial REIT, Inc. (NYSE: PLYM) today announced that the Company’s board of directors has declared a regular quarterly cash dividend of $0.21 per share of common stock for the third quarter of 2021. The dividend, which equates to an annualized rate of $0.84 per common share, is payable on October 29, 2021, to stockholders of record as of the close of business on September 30, 2021.

About Plymouth

Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a real estate investment trust focused on the acquisition, ownership and management of single and multi-tenant industrial properties, including distribution centers, warehouses, light industrial and small bay industrial properties, located in primary and secondary markets within the main industrial, distribution and logistics corridors of the United States.

Tripp Sullivan

SCR Partners

(615) 942-7077

[email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: REIT Finance Professional Services Commercial Building & Real Estate Construction & Property

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Exicure to Participate in Upcoming Scientific Conferences

Exicure to Participate in Upcoming Scientific Conferences

CHICAGO & CAMBRIDGE, Mass.–(BUSINESS WIRE)–Exicure, Inc.® (NASDAQ: XCUR), a pioneer in gene regulatory and immunotherapeutic drugs utilizing spherical nucleic acid (SNA™) technology, today announced participation in the following scientific conferences during the month of September:

TIDES USA 2021

Poster presentation: “Biodistribution of Spherical Nucleic Acids in the Rat CNS Following ICM and IT Delivery”

September 20 – 30, 2021

17th Annual Meeting of the Oligonucleotide Therapeutics Society

Poster presentation: “Development of Spherical Nucleic Acids Targeting FXN for the Treatment of Friedreich’s Ataxia”

September 26 – 29, 2021

Posters will go live at the start of the conference and will be available to conference attendees.

Exicure will add the posters to its website after each conference.

About Exicure, Inc.

Exicure, Inc. is a clinical-stage biotechnology company developing therapeutics for neurology, immuno-oncology, inflammatory diseases and other genetic disorders based on its proprietary Spherical Nucleic Acid, or SNA technology. Exicure believes that its proprietary SNA architecture has distinct chemical and biological properties that may provide advantages over other nucleic acid therapeutics and may have therapeutic potential to target diseases not typically addressed with other nucleic acid therapeutics. Exicure is in preclinical development of XCUR-FXN a lipid-nanoparticle SNA–based therapeutic candidate, for the intrathecal treatment of Friedreich’s ataxia (FA). Exicure’s therapeutic candidate cavrotolimod (AST-008) is in a Phase 1b/2 clinical trial in patients with advanced solid tumors. Exicure is based in Chicago, IL and in Cambridge, MA. www.exicuretx.com

Media Contact:

Karen Sharma

MacDougall

781-235-3060

[email protected]

KEYWORDS: United States North America Illinois Massachusetts

INDUSTRY KEYWORDS: Biotechnology Genetics Health Oncology

MEDIA:

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Johnson Controls Selects Tempered Networks To Provide Zero Trust Secure Communications, Further Advancing Cybersecurity Leadership For OpenBlue Services

– Tempered Airwall protects critical infrastructure with the best-in-class zero trust platform for securing smart building automation and controls services.

– The OpenBlue complete suite of connected building solutions delivers impactful sustainability, healthy occupant experiences, and respectful safety and security.

– Partnership brings a robust layer of protection for AI-powered service solutions such as remote diagnostics, predictive maintenance, compliance monitoring, advanced risk assessments.

PR Newswire

CORK, Ireland, Sept. 15, 2021 /PRNewswire/ — Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, selected Tempered Networks to provide best-in-class secure communications and network management for its OpenBlue services, further advancing cybersecurity leadership for the company’s smart buildings technology ecosystem.

We enable smart buildings with industry-leading secure remote access tech and AI-driven security –  CTO Vijay Sankaran

The agreement allows Johnson Controls to deploy Tempered Airwall as a core component of OpenBlue service offerings to protect building automation customers worldwide. OpenBlue serves many different industries including commercial and civic workplaces, hospitals, schools, campuses, and stadiums.

“The acceleration of digital transformation means our customers are realizing the benefits of operating smart buildings that are increasingly data-enabled and require the strongest levels of cybersecurity”, said Vijay Sankaran, vice president and chief technology officer at Johnson Controls. “By leveraging security technology from Tempered Networks, we enable smart buildings with industry-leading secure remote access technology and AI-driven security insights to help OpenBlue customers manage risk and simplify network management, allowing them to deliver a great occupant experience.”

Tempered Airwall will be integrated into OpenBlue Bridge technology, a gateway for secure edge to cloud communications.

“We are enabling Johnson Controls technicians to securely access and manage equipment at a customer site from anywhere using zero trust software defined networking and military-grade encryption, rendering building systems invisible to unauthorized users and potential attacks,” said Jason Christman, vice president and chief product security officer at
Johnson Controls.

Johnson Controls new OpenBlue services that leverage the Tempered Airwall platform will be available globally and addresses clear demand for improved cybersecurity and management.

“Critical infrastructure is being hacked daily because digital transformation has made it vulnerable.  The network solutions that worked in the past, like adding yet another firewall, are no longer effective”, said Keith Beeman, CEO of Tempered Networks.  “With Airwall’s native zero trust platform, building automation systems can now be safely and optimally managed from anywhere.”

The integration of Lynwood, Washington-based Tempered Network’s security technology further advances OpenBlue Services leadership in cybersecurity, building on recent partnerships with Pelion and DigiCert to provide advanced secure device management and digital trust for smart building technology.

To learn more about Johnson Controls’ approach to cybersecurity, please visit www.johnsoncontrols.com/cybersolutions

To learn more about Tempered Networks and Tempered Airwall, please visit https://tempered.io.

About Johnson Controls:

At Johnson Controls (NYSE: JCI) we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet. 

With a history of more than 135 years of innovation, Johnson Controls delivers the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through its comprehensive digital offering OpenBlue. With a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology, software as well as service solutions with some of the most trusted names in the industry. For more information, visit www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.

About Tempered Networks

Tempered Airwall protects critical infrastructure with the industry’s only, truly native Zero Trust platform. Think of us as the virtual air gap protecting the systems in a smart building, the medical devices in a hospital, the machines in a factory floor. These are all use cases we solve today. Airwall helps you easily secure things and facilities while still allowing you to monitor and connect to them remotely, from anywhere. For more information visit https://tempered.io.


JOHNSON CONTROLS


INVESTOR CONTACTS:                                             


MEDIA CONTACTS:

Antonella Franzen                                                        

Chaz Bickers

Direct: 609.720.4665                                                    

Direct: 224.307.0655

Email: [email protected]                                

Email: [email protected]

Ryan Edelman                                                              

Michael Isaac

Direct: 609.720.4545                                                    

Direct: +41 52 6330374

Email: [email protected]                                      

Email: [email protected]


TEMPERED NETWORKS:

Mauricio Gonzalez de la Fuente

Direct: +1 425-443-8689

Email: [email protected] 

Johnson
 
Controls
 
International plc Cautionary
 
Statement Regarding Forward-Looking Statements
Johnson Controls International plc has made statements in this communication that are forward-looking and therefore are subject to risks and uncertainties. All statements in this document other than statements of historical fact are, or could be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In this communication, statements regarding Johnson Controls’ future financial position, sales, costs, earnings, cash flows, other measures of results of operations, synergies and integration opportunities, capital expenditures and debt levels are forward-looking statements. Words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “forecast,” “project” or “plan” and terms of similar meaning are also generally intended to identify forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Johnson Controls cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Johnson Controls’ control, that could cause Johnson Controls’ actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: Johnson Controls’ ability to manage general economic, business, capital market and geopolitical conditions, including global inflation and component shortages; Johnson Controls’ ability to manage the impacts of natural disasters, climate change, pandemics and outbreaks of contagious diseases and other adverse public health developments, such as the COVID-19 pandemic; the strength of the U.S. or other economies; changes or uncertainty in laws, regulations, rates, policies or interpretations that impact Johnson Controls’ business operations or tax status; the ability to develop or acquire new products and technologies that achieve market acceptance; changes to laws or policies governing foreign trade, including increased tariffs or trade restrictions; maintaining the capacity, reliability and security of Johnson Controls’ enterprise and product information technology infrastructure; the risk of infringement or expiration of intellectual property rights; any delay or inability of Johnson Controls to realize the expected benefits and synergies of recent portfolio transactions such as its merger with Tyco and the disposition of the Power Solutions business;  the outcome of litigation and governmental proceedings; the ability to hire and retain key senior management; the tax treatment of recent portfolio transactions; significant transaction costs and/or unknown liabilities associated with such transactions; the availability of raw materials and component products; fluctuations in currency exchange rates; labor shortages, work stoppages, union negotiations, labor disputes and other matters associated with the labor force; the cancellation of or changes to commercial arrangements.  A detailed discussion of risks related to Johnson Controls’ business is included in the section entitled “Risk Factors” in Johnson Controls’ Annual Report on Form 10-K for the year ended September 30, 2020 filed with the United States Securities and Exchange Commission (“SEC”) on November 16, 2020, which is available at www.sec.gov and www.johnsoncontrols.com under the “Investors” tab. Shareholders, potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this communication are made only as of the date of this document, unless otherwise specified, and, except as required by law, Johnson Controls assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this communication.

Forward Looking Non-GAAP Financial Metrics
The Company has presented forward-looking statements regarding, organic revenue growth, adjusted segment EBITA margin, and adjusted earnings per share, which are non-GAAP financial measures. These forward-looking non-GAAP financial measures are derived by excluding certain amounts, expenses, or income from the corresponding financial measures determined in accordance with GAAP. The Company defines organic revenue growth as revenue growth excluding the effect of acquisitions, divestitures and foreign currency. The Company defines segment EBITA as income (loss) from continuing operations before income taxes and noncontrolling interests, excluding general corporate expenses, intangible asset amortization, net financing charges, restructuring and impairment costs, and the net mark-to-market adjustments related to restricted asbestos investments and pension and postretirement plans. Adjusted segment EBITA excludes special items because these items are not considered to be directly related to the underlying operating performance of the Company’s businesses. Management believes that organic growth, segment EBITA, adjusted segment EBITA and adjusted segment EBITA margin are useful to investors in understanding the ongoing operations and business trends of the Company. Free cash flow is defined as cash provided by operating activities less capital expenditures. Free cash flow conversion is defined as adjusted free cash flow divided by adjusted net income. Management believes these non-GAAP measures are useful to investors in understanding the strength of the Company and its ability to generate cash. Adjusted earnings per share is defined as earnings per share, less integration costs, net mark-to-market adjustments, restructuring and impairment costs, transaction costs and other nonrecurring costs, Power Solutions divestiture reserve adjustment and discrete tax items. The Company excludes these items because they are not considered to be directly related to the underlying operating performance of the Company. Management believes adjusted EPS is useful to investors in understanding the ongoing operations and business trends of the Company.

The determination of the amounts that are excluded from these non-GAAP financial measures are a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period, including but not limited to the high variability of the net mark-to-market adjustments and the effect of foreign currency exchange fluctuations. Our fiscal 2021 full year and fiscal 2022-2024 guidance for organic revenue also excludes the effect of acquisitions, divestitures and foreign currency.  

We are unable to present a quantitative reconciliation of the aforementioned forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures because such information is not available and management cannot reliably predict all of the necessary components of such GAAP measures without unreasonable effort or expense. The unavailable information could have a significant impact on the Company’s GAAP financial results.

 

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SOURCE Johnson Controls International plc

Primo Water Corporation Announces Investment in Sipple Hydration Stations

PR Newswire

TAMPA, Fla., Sept. 15, 2021 /PRNewswire/ – Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the “Company” or “Primo”), a leading provider of sustainable drinking water solutions direct to consumers in North America and Europe, today announced that it has entered into an agreement to purchase a minority interest in Sipple Hydration Stations, an innovative network of hydration stations in the UK providing purified & super chilled premium water refills.

The agreement allows Primo to participate in the growing UK market and to expand the Sipple Hydration Stations to other markets in Primo’s footprint. Customers can use their own bottle to refill, or they can purchase a reusable bottle from the hydration station along with one free 500ml refill. 

“Sipple hydration stations are a convenient way to offer an affordable, plastic-free alternative to our customers, meeting a key environmental and hygienic need by supplying great tasting, purified, chilled water on the move without the waste of traditional, single-use plastic bottles,” said Tom Harrington, CEO of Primo Water Corporation. “Sipple shares our vision of reducing plastic waste, while increasing the consumption of safe, high quality drinking water. This investment furthers our vision of providing pure-play water solutions whenever, wherever and however our customers want them.”

Primo is headquartered in Tampa, Florida (USA). For more information, visit www.primowatercorp.com or Sipple Hydration Stations.

ABOUT PRIMO WATER CORPORATION

Primo Water Corporation is a leading pure-play water solutions provider in North America, Europe and Israel and generates approximately $2.0 billion in annual revenue. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo’s revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers. The dispensers help increase household penetration which drives recurring purchases of Primo’s razorblade offering. Primo’s razorblade offering is comprised of Water Direct, Water Exchange, and Water Refill. Through its market leading Water Direct business, Primo delivers sustainable hydration solutions across its 22-country footprint direct to the customer’s door, whether at home or to commercial businesses. Through its market leading Water Exchange and Water Refill businesses, Primo offers pre-filled and reusable containers at over 13,000 locations and water refill units at approximately 22,000 locations, respectively. Primo also offers water filtration units across its 22-country footprint representing a top five position.

Primo’s water solutions expand consumer access to purified, spring and mineral water to promote a healthier, more sustainable lifestyle while simultaneously reducing plastic waste and pollution. Primo is committed to its water stewardship standards and is proud to partner with the International Bottled Water Association (IBWA) in North America as well as with Watercoolers Europe (WE), which ensure strict adherence to safety, quality, sanitation and regulatory standards for the benefit of consumer protection.

Primo is headquartered in Tampa, Florida (USA). For more information, visit www.primowatercorp.com.

Safe Harbor Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 conveying management’s expectations as to the future based on plans, estimates and projections at the time Primo makes the statements. Forward-looking statements involve inherent risks and uncertainties and Primo cautions you that several important factors could cause actual results to differ materially from those contained in any such forward-looking statement. The forward-looking statements contained in this press release include, but are not limited to, statements related to the investment in Sipple and related matters. The forward-looking statements are based on assumptions regarding management’s current plans and estimates. Management believes these assumptions to be reasonable, but there is no assurance that they will prove to be accurate.

Factors that could cause actual results to differ materially from those described in this press release include, among others: risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, synergies, indebtedness, financial condition, losses and future prospects; the effect of economic, competitive, legal, governmental and technological factors on Primo’s business; and the impact of national, regional and global events on our business, including the recent COVID-19 outbreak.

The foregoing list of factors is not exhaustive. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Readers are urged to carefully review and consider the various disclosures, including but not limited to risk factors contained in Primo’s Annual Report on Form 10-K and its quarterly reports on Form 10-Q, as well as other filings with the securities commissions.

Primo does not undertake to update or revise any of these statements considering new information or future events, except as expressly required by applicable law.

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SOURCE Primo Water Corporation

Pentair Announces Definitive Agreement to Acquire Pleatco

Pentair Announces Definitive Agreement to Acquire Pleatco

Acquisition to Expand Pentair’s Aftermarket Presence in Water and Air Filtration

LONDON–(BUSINESS WIRE)–
Pentair plc (NYSE: PNR), a leading provider of water treatment and sustainable solutions, today announced that it has entered into a definitive agreement to acquire Pleatco, a manufacturer of water filtration and clean air technologies for pool, spa and industrial air customers. Pleatco is a current portfolio company of Align Capital Partners, a private equity firm with investment teams in Dallas, TX and Cleveland, OH.

The planned acquisition of Pleatco provides Pentair an expanded range of replacement filter products to be sold through Pentair’s existing Pool and Spa distribution channels as well as through Pleatco’s distribution channels.

“We are excited to expand our presence in the aftermarket filtration space with an enhanced product offering that advances our objective to offer an effortless pool experience for consumers,” said John Stauch, Pentair President and CEO.

The planned acquisition also expands Pentair’s Industrial Filtration portfolio, with complementary air filtration products to serve the needs of its industrial customers.

“We look forward to welcoming the Pleatco employees to Pentair and to growing the relationship with Pleatco’s existing customer base,” continued Stauch. “The planned combination will provide Pleatco entry to Pentair’s global distribution and sales channels, and deliver increased production capacity and utilization, as well as build on Pleatco’s track record of product innovation.”

Total consideration for the transaction is approximately $255 million in cash, subject to customary adjustments. Pentair expects Pleatco to generate approximately $95 million of annual revenue in 2021. The transaction is expected to be accretive in its first full year.

The acquisition is anticipated to be completed in the fourth quarter, subject to customary closing conditions and necessary regulatory approvals, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

ABOUT PENTAIR PLC

Pentair makes the most of life’s essential resources. From our residential and business solutions that help people move, improve and enjoy their water, to our sustainable innovations and applications, we deliver smart, sustainable solutions for life.

Pentair had revenue in 2020 of $3 billion, and trades under the ticker symbol PNR. With approximately 9,750 global employees serving customers in more than 150 countries, we work to help improve lives and the environment around the world. To learn more, visit pentair.com.

ABOUT PLEATCO FILTRATION

Pleatco is a leading designer and manufacturer of aftermarket pleated filter cartridges, pleated bags, and other filtration products for the industrial air and pool / spa markets across USA and Europe. Pleatco Filtration brings together the combined forces of former brands APEL, Milton, and TVS and incorporates stand-alone brands Guardian Filtration, EFI and ECO Filtration under the one umbrella, leveraging collective engineering, manufacturing, and logistics resources to deliver best-in-class products backed by industry leading sales, marketing, and customer service teams. For more information, visit pleatco.com.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This release contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made about the anticipated acquisition, including the anticipated time for completing the transaction, the expected financial results of the acquired business and the anticipated benefits of the acquisition, are forward-looking statements subject to risks and uncertainties, such as the company’s ability to satisfy closing conditions, integrate the acquisition successfully, and retain customers and employees of the acquired business; the impact, duration and severity of the COVID-19 pandemic, virus variants and vaccination rates, including actions that may be taken by us, other businesses and governments to address or otherwise mitigate the impact of the COVID-19 pandemic and the negative impacts of the COVID-19 pandemic on the global economy; overall global economic and business conditions; supply, demand, logistics, competition and pricing pressures related to and in markets we serve; failure of markets to accept new product introductions and enhancements; the impact of raw material costs, labor costs and other inflation; the impact of seasonality of sales and weather conditions; our ability to comply with laws and regulations and the impact of changes in laws, regulations and administrative policy, as well as other risk factors contained in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020. All forward-looking statements speak only as of the date of this release. Pentair plc assumes no obligation, and disclaims any obligation, to update the information contained in this release.

Jim Lucas

Senior Vice President, Treasurer, FP&A and Investor Relations

Tel: 763-656-5575

Email: [email protected]

Rebecca Osborn

Senior Manager, External Communications

Tel: 763-656-5589

Email: [email protected]

KEYWORDS: Europe United States United Kingdom North America Minnesota

INDUSTRY KEYWORDS: Other Energy Environment Other Construction & Property Manufacturing Energy Construction & Property Other Manufacturing

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Velodyne Lidar Calls for Action to Improve Pedestrian Safety

Velodyne Lidar Calls for Action to Improve Pedestrian Safety

New Velodyne White Paper Published by SAE International Shows How Advanced Driver Assistance Systems (ADAS) Can be Improved to Reduce Nighttime Dangers to Pedestrians

SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a white paper, written by Velodyne experts and published by SAE International, that calls for independent performance testing of driver assistance systems to be expanded to include dark, nighttime scenarios, as more than 75 percent of pedestrian fatalities occur in low-to-no light conditions. The change would address a gap in current testing protocols that primarily look at daytime conditions and largely overlook the risks to pedestrians from driver assistance systems which perform poorly in dark, nighttime conditions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210915005189/en/

Diagram of the Safety of the Intended Functionality (SOTIF) standard validation process, highlighting steps in the design, implementation and testing phases to ensure the safety function performance aligns with design intent. The SOTIF approach provides a methodology for identifying and maximizing the range of scenarios in which a vehicle can be expected to function safely under normal operation or with reasonably foreseeable misuse. (Graphic: Velodyne Lidar)

Diagram of the Safety of the Intended Functionality (SOTIF) standard validation process, highlighting steps in the design, implementation and testing phases to ensure the safety function performance aligns with design intent. The SOTIF approach provides a methodology for identifying and maximizing the range of scenarios in which a vehicle can be expected to function safely under normal operation or with reasonably foreseeable misuse. (Graphic: Velodyne Lidar)

The white paper, called “Designing and assessing vehicle safety functions with a use case approach,” is available on the SAE International website. It can also be downloaded from the Velodyne website.

Recently, the National Highway Transportation Safety Administration (NHTSA) reported that motor vehicle traffic fatalities rose 10.5 percent in the first quarter of 2021 from the same time in 2020, with the vast majority of fatalities occurring in dark conditions. NHTSA also reports this staggering increase in deaths – an estimated 8,730 in three months – comes despite a decrease of 14.9 billion vehicle miles traveled during the same time. To address these tragedies, most new vehicles offer advanced driver assistance systems (ADAS), equipped with Pedestrian Automatic Emergency Braking (PAEB) as a standard optional feature.

Addressing PAEB Performance Limitations

PAEB systems are a foundational element for both AV and ADAS applications. They provide automatic braking for vehicles when pedestrians are in the path of the vehicle’s travel and the driver has taken insufficient action to avoid an imminent crash. However, current systems utilizing camera and radar technology frequently fail to protect pedestrians in dark conditions according to independent testing by the National Highway Traffic Safety Administration (NHTSA) and the American Automobile Association (AAA).

To reflect real-life conditions, the white paper proposes expanding future PAEB testing protocols to include tests conducted in dark, nighttime conditions. The new tests would be conducted in less than one lux ambient illuminance, using low-beam headlights and without streetlights. This change would provide the public with useful information on the performance of pedestrian detection systems in low-light conditions that occur on roadways.

To demonstrate how expanded testing would work, the white paper details the results of nighttime PAEB tests conducted by Velodyne. The tests evaluated a highly-rated PAEB system using current camera and radar-based technology and Velodyne’s PAEB system that uses Velodyne’s lidar sensors and Vella™ software. In these nighttime conditions, the camera and radar-based PAEB system failed in all five scenarios while the lidar-based system avoided a crash in every situation tested.

“PAEB systems can potentially have safety hazards related to nighttime driving and speed without system failure,” said Mircea Gradu, SVP of Automotive Programs, Velodyne Lidar. “Their performance can fall short under these real-world conditions due to limitations of sensors or software. Accurate situational awareness by ADAS and AVs is essential to safety.”

In March of 2021, the Governors Highway Safety Association reported a staggering 21 percent increase in the pedestrian fatality rate from 2019 to 2020. Additionally, on average, 100 lives are lost each day in motor vehicle crashes. While advanced driver assistance systems that perform in low- or no-light conditions have been available for years, they have yet to be wide adopted by automakers, even though they’ve proven to prevent crashes. Nearly four years ago, vehicles with mere front crash prevention technology had 64 percent fewer crashes with injuries than vehicles without it.

“With dark, nighttime conditions so dangerous for pedestrians, it is imperative vehicle assessment organizations expand PAEB testing in ambient light conditions of less than one lux,” said David Heeren, Director, Technology Research, Velodyne Lidar. “Tests performed by NHTSA and AAA demonstrate nighttime performance represents a major opportunity for improvement in current PAEB systems. Velodyne testing shows the efficacy of our lidar-based solution, which can strengthen a vehicle’s functional safety capabilities and address scenarios that cause thousands of pedestrian fatalities annually.”

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne, the global leader in lidar, is known for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit www.velodynelidar.com.

Forward Looking Statements

This press release contains “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical fact and include, without limitation, statements regarding Velodyne’s target markets, new products, development efforts, and competition. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “can,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Velodyne’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include uncertainties regarding government regulation and adoption of lidar, the uncertain impact of the COVID-19 pandemic on Velodyne’s and its customers’ businesses; Velodyne’s ability to manage growth; Velodyne’s ability to execute its business plan; uncertainties related to the ability of Velodyne’s customers to commercialize their products and the ultimate market acceptance of these products; the rate and degree of market acceptance of Velodyne’s products; the success of other competing lidar and sensor-related products and services that exist or may become available; uncertainties related to Velodyne’s current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne’s intellectual property; and general economic and market conditions impacting demand for Velodyne’s products and services. For more information about risks and uncertainties associated with Velodyne’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to Velodyne as of the date hereof, Velodyne undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Velodyne Investor Relations

[email protected]

Velodyne Media

Codeword

Liv Allen

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Technology Automotive General Automotive Automotive Manufacturing Other Automotive Software Manufacturing Audio/Video Internet Hardware

MEDIA:

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Diagram of the Safety of the Intended Functionality (SOTIF) standard validation process, highlighting steps in the design, implementation and testing phases to ensure the safety function performance aligns with design intent. The SOTIF approach provides a methodology for identifying and maximizing the range of scenarios in which a vehicle can be expected to function safely under normal operation or with reasonably foreseeable misuse. (Graphic: Velodyne Lidar)
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IGT Extends Cashless Gaming Momentum to Oklahoma via Resort Wallet and IGTPay Agreement with Indigo Sky Casino

Oklahoma casino upgrades IGT ADVANTAGE casino management system to become first in State to offer IGT’s fully integrated turnkey cashless solution

PR Newswire

LONDON, Sept. 15, 2021 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that the Company is extending its momentum in cashless gaming technology deployments to Oklahoma, the U.S. state with the second-highest concentration of gaming machines per capita. Indigo Sky Casino in Wyandotte, Okla. is the latest casino to join the cashless gaming revolution by way of a multi-year agreement with IGT and a phased rollout of the Resort Wallet and IGTPay modules of the IGT ADVANTAGE® casino management system.

By combining Resort Wallet technology with the IGTPay solution, Indigo Sky Casino will offer its patrons convenient, one-step access to funds from external sources such as credit and debit cards, bank accounts, and eWallets.

“Enhancing Indigo Sky Casino’s IGT ADVANTAGE deployment with IGT’s Resort Wallet and IGTPay modules will truly differentiate our gaming experience in Oklahoma and give our guests access to the industry’s most user-friendly cashless gaming technology,” saidMelanie Heskett, Indigo Sky Casino General Manager. “As the demand for cashless and contactless payment technologies accelerates in nearly every sector, Indigo Sky Casino is pleased to be an early mover in this space by partnering with our long-time growth partner, IGT.”

“In deploying IGT’s Resort Wallet and IGTPay, Indigo Sky Casino will benefit from the many advantages of operating a cashless gaming ecosystem and its guests will enjoy added choice and convenience on the casino floor,” said Ryan Reddy, IGT Senior Vice President Global Product Management for VLT, Poker, Systems and Payments. “Launching Resort Wallet and IGTPay in Oklahoma, one of the country’s premier tribal gaming markets, reflects IGT’s continued leadership in the digital payments space and the versatility of the IGT ADVANTAGE casino management system and modules.”

Indigo Sky Casino plans to initiate the rollout of IGT’s full gaming solution in 2021.The technology stack includes the option for “carded cashless” and “cardless cashless” gaming. With carded cashless, the player will leverage his or her physical GO Rewards loyalty card and insert it into a slot machine to transfer funds, fund play, cash out and check account balances. In the cardless cashless model, Indigo Sky Casino patrons will have the option to use the property’s mobile app to complete all payment-related actions safely and securely.

In both configurations, Indigo Sky Casino players will create a PIN-protected Cashless Wagering Account where they can fund their accounts at the casino cage or slot machine or through external sources such as bank accounts and credit or debit cards. Funds in the Cashless Wagering Account are securely maintained for the next play session or property visit, and players can also transfer funds between slot machines on site or withdraw funds into a bank account. IGT’s experienced Payments team will support Indigo Sky Casino, managing all aspects of payment-related services such as contracting with payment services providers, funds management, fraud/risk management, and player support.

For more information, visit igt.com/cashless, or go to Facebook at facebook.com/IGT, follow us on Twitter at twitter.com/IGTnews, or watch IGT videos on YouTube at youtube.com/igt. 

About IGT
IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company”) and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, dividends, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “shall”, “continue,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company’s annual report on Form 20-F for the financial year ended December 31, 2020 and other documents filed from time to time with the SEC, which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company’s business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contact:

Phil O’Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, +39 3485475493; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190

© 2021 IGT

The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.

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SOURCE International Game Technology PLC

Lilly to supply 388,000 doses of etesevimab to U.S. government for treatment of COVID-19

Additional doses of etesevimab will be paired with existing bamlanivimab purchased by the U.S. government

PR Newswire

INDIANAPOLIS, Sept. 15, 2021 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) today announced an additional purchase by the U.S. government for its neutralizing antibody therapies authorized for emergency use as a treatment for COVID-19. As part of the agreement, Lilly will supply 388,000 doses of etesevimab to complement doses of bamlanivimab previously purchased by the U.S. government, with approximately 200,000 doses expected to ship Q3 2021 and the remaining to be shipped in Q4. This transaction is expected to generate approximately $330 million in revenue in the second half of 2021.

“The recent increase in COVID-19 cases has caused a substantial rise in the utilization of monoclonal antibody drugs, particularly in areas of the country with low vaccination rates,” said Daniel Skovronsky, M.D., Ph.D., Lilly’s chief scientific and medical officer, and president of Lilly Research Laboratories. “Lilly developed bamlanivimab and etesevimab for administration together, in anticipation of variants such as the highly contagious Delta variant, which currently accounts for more than 98 percent of all identified COVID-19 cases in the U.S.”

Pseudovirus and authentic virus studies demonstrate that bamlanivimab and etesevimab together retained neutralization activity against the Alpha and Delta variants. On September 2nd, the Office of the Assistant Secretary for Preparedness and Response (ASPR), alongside the U.S. Food and Drug Administration (FDA), resumed the shipment and distribution of bamlanivimab and etesevimab administered together.

For more information about the use of bamlanivimab with etesevimab to treat COVID-19, click here or contact Lilly’s 24-hour support line at 1-855-LillyC19 (1-855-545-5921). For media resources, including product images and fact sheets, please click here.

The impact of this transaction will be reflected in the company’s financial results for Q3 and Q4 2021.

The purchase was funded by the Biomedical Advanced Research and Development Authority, part of the U.S. Department of Health and Human Services Office of the Assistant Secretary for Preparedness and Response through Department of Defense contract number W911QY21D0012.


Important Information about bamlanivimab and etesevimab together

Bamlanivimab and etesevimab together have not been approved by the FDA for any use. It is not known if bamlanivimab and etesevimab together are safe and effective for the treatment of COVID-19. 

Bamlanivimab and etesevimab together are authorized under Emergency Use Authorization only for the duration of the declaration that circumstances exist justifying the authorization of the emergency use under Section 564(b)(1) of the Act, 21 U.S.C § 360bbb-3(b)(1), unless the authorization is terminated or revoked sooner.

Healthcare providers should review the Fact Sheet for information on the authorized use of bamlanivimab and etesevimab together and mandatory requirements of the EUA. Please see the FDA Letter of AuthorizationFact Sheet for Healthcare Providers, and Fact Sheet for Patients, Parents and Caregivers (English) (Spanish) for bamlanivimab and etesevimab together.



Authorized Use and Important Safety Information


Bamlanivimab and etesevimab together are authorized for the treatment of mild to moderate coronavirus disease 2019 (COVID-19) in adults and pediatric patients (12 years of age and older weighing at least 40 kg) with positive results of direct SARS-CoV-2 viral testing, and who are at high risk for progression to severe COVID-19, including hospitalization or death.

Limitations of Authorized Use


Combined Frequency of Variants Resistant to Bamlanivimab and Etesevimab

  • Bamlanivimab and etesevimab are not authorized for use in states, territories, and US jurisdictions in which the combined frequency of variants resistant to bamlanivimab and etesevimab exceeds 5%.1
    • A list of states, territories, and US jurisdictions in which bamlanivimab and etesevimab are and are not currently authorized is available on the following FDA website.


Use in Patients Who Are Hospitalized or Who Require Oxygen Due to COVID-19

Bamlanivimab and etesevimab together are not authorized for use in patients:

  • who are hospitalized due to COVID-19, OR
  • who require oxygen therapy due to COVID-19, OR
  • who require an increase in baseline oxygen flow rate due to COVID-19 in those on chronic oxygen therapy due to underlying non-COVID-19 related comorbidity.

Treatment with bamlanivimab and etesevimab together has not been studied in patients hospitalized due to COVID-19. Monoclonal antibodies, such as bamlanivimab and etesevimab, may be associated with worse clinical outcomes when administered to hospitalized patients with COVID-19 requiring high flow oxygen or mechanical ventilation.

Important Safety Information
There are limited clinical data available for bamlanivimab and etesevimab together. Serious and unexpected adverse events may occur that have not been previously reported with bamlanivimab and etesevimab together.

Warnings and Precautions


Hypersensitivity Including Anaphylaxis and Infusion-Related Reactions

Serious hypersensitivity reactions, including anaphylaxis, have been observed with administration of bamlanivimab and etesevimab. If signs and symptoms of a clinically significant hypersensitivity reaction or anaphylaxis occur, immediately discontinue administration and initiate appropriate medications and/or supportive care.

Infusion-related reactions, occurring during or up to 24 hours after infusion, have been observed with administration of bamlanivimab and etesevimab together. These reactions may be severe or life threatening. Signs and symptoms of infusion-related reactions may include:

  • fever, difficulty breathing, reduced oxygen saturation, chills, fatigue, arrhythmia (e.g. atrial fibrillation, sinus tachycardia, bradycardia), chest pain or discomfort, weakness, altered mental status, nausea, headache, bronchospasm, hypotension, hypertension, angioedema, throat irritation, rash including urticaria, pruritus, myalgia, vasovagal reactions (e.g. presyncope, syncope), dizziness, and diaphoresis.

Consider slowing or stopping the infusion and administer appropriate medications and/or supportive care if an infusion-related reaction occurs.

Hypersensitivity reactions occurring more than 24 hours after the infusion have also been reported with the use of bamlanivimab and etesevimab under Emergency Use Authorization.


Clinical Worsening After Receiving Bamlanivimab and Etesevimab Administration
 
Clinical worsening of COVID-19 after administration of bamlanivimab and etesevimab together has been reported and may include signs or symptoms of fever, hypoxia or increased respiratory difficulty, arrhythmia (e.g., atrial fibrillation, sinus tachycardia, bradycardia), fatigue, and altered mental status. Some of these events required hospitalization. It is not known if these events were related to bamlanivimab and etesevimab use or were due to progression of COVID-19.


Limitations of Benefit and Potential Risk in Patients with Severe COVID-19

Treatment with bamlanivimab and etesevimab has not been studied in patients hospitalized due to COVID-19. Monoclonal antibodies, such as bamlanivimab and etesevimab, may be associated with worse clinical outcomes when administered to hospitalized patients with COVID-19 requiring high flow oxygen or mechanical ventilation. See Limitations of Authorized Use.


Adverse Reactions

Adverse reactions observed in those who have received bamlanivimab and etesevimab are anaphylaxis (n=1, 0.07%) and infusion-related reactions (n=16, 1.1%).  The most common treatment-emergent adverse events included nausea, dizziness, and pruritis.  No treatment-emergent events occurred in more than 1% of participants and rates were comparable to placebo.


Use in Specific Populations



Pregnancy

There are insufficient data to evaluate a drug-associated risk of major birth defects, miscarriage, or adverse maternal or fetal outcomes. Bamlanivimab and etesevimab together should only be used during pregnancy if the potential benefit outweighs the potential risk for the mother and the fetus.


Breastfeeding

There are no available data on the presence of bamlanivimab or etesevimab in human or animal milk, the effects on the breastfed infant, or the effects on milk production. Breastfeeding individuals with COVID-19 should follow practices according to clinical guidelines to avoid exposing the infant to COVID-19.

1 FDA will make this determination considering current variant frequency data (available at: https://www.cdc.gov/coronavirus/2019-ncov/cases-updates/variant-proportions.html), trends in variant frequency over time, the precision of the estimates and information regarding emerging variants of concern. FDA will update the list of states, territories, and US jurisdictions in which bamlanivimab and etesevimab are and are not currently authorized as new data and information becomes available. Healthcare providers should refer to the FDA website regularly for updates.

About bamlanivimab and etesevimab
Bamlanivimab is a recombinant, neutralizing human IgG1 monoclonal antibody (mAb) directed against the spike protein of SARS-CoV-2. It was designed to block viral attachment and entry into human cells, thus neutralizing the virus. Bamlanivimab emerged from the collaboration between Lilly and AbCellera to create antibody therapies for the prevention and treatment of COVID-19. Lilly scientists rapidly developed the antibody in less than three months after it was discovered by AbCellera and the scientists at the National Institute of Allergy and Infectious Diseases (NIAID) Vaccine Research Center. Bamlanivimab was identified from a blood sample taken from one of the first U.S. patients who recovered from COVID-19. 

Etesevimab (LY-CoV016, also known as JS016) is a recombinant fully human monoclonal neutralizing antibody, which specifically binds to the SARS-CoV-2 surface spike protein receptor binding domain with high affinity and can block the binding of the virus to the ACE2 host cell surface receptor. Point mutations were introduced into the native human IgG1 antibody to mitigate effector function. Lilly licensed etesevimab from Junshi Biosciences after it was jointly developed by Junshi Biosciences and the Institute of Microbiology, Chinese Academy of Science (IMCAS). Junshi Biosciences leads development in Greater China, while Lilly leads development in the rest of the world.

Results from a Phase 2/3 study in people recently diagnosed with COVID-19 in the ambulatory setting (BLAZE-1, NCT04427501) were published in the New England Journal of Medicine. Results from a Phase 3 study of bamlanivimab in residents and staff at long-term care facilities (BLAZE-2, NCT04497987) were published in the Journal of American Medical Association (JAMA). A Phase 2 study assessing the efficacy and safety of bamlanivimab alone, and bamlanivimab with other neutralizing antibodies versus placebo for the treatment of symptomatic low-risk COVID-19 in the outpatient setting (BLAZE-4. NCT04634409) has completed enrollment.

About Lilly’s COVID-19 Efforts
Lilly is bringing the full force of its scientific and medical expertise to attack the coronavirus pandemic around the world. Existing Lilly medicines are being studied to understand their potential in treating complications of COVID-19, and the company is collaborating with partner companies to discover and develop novel antibody therapies for COVID-19. Click here for resources related to Lilly’s COVID-19 efforts.

About Eli Lilly and Company
 
Lilly is a global health care leader that unites caring with discovery to create medicines that make life better for people around the world. We were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and today we remain true to that mission in all our work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism. To learn more about Lilly, please visit us at www.lilly.com and www.lilly.com/news. P-LLY

Lilly Cautionary Statement Regarding Forward-Looking Statements 
This press release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) about bamlanivimab (LY-CoV555) and etesevimab (LY-CoV016) together as a potential therapy for patients with COVID-19, the supply, distribution and contracts with governments relating to these therapies, and Lilly’s development plans, and reflects Lilly’s current beliefs and expectations. However, as with any such undertaking, there are substantial risks and uncertainties in the process of drug research, development and commercialization.Among other things, there can be no guarantee thatfuture study results will be consistent with the results to date, that bamlanivimab and etesevimab together will prove to be a safe and effective treatment or successful preventative therapy for COVID-19, that bamlanivimab and etesevimab together will receive regulatory approvals or additional authorizations, that patients will volunteer to participate in clinical trials or achieve positive outcomes, that Lilly will obtain any additional purchase orders or supply contracts, or that Lilly can provide an adequate supply of bamlanivimab and etesevimab together in all circumstances.For a further discussion of these and other risks and uncertainties that could cause actual results to differ from Lilly’s expectations, please see Lilly’s most recent Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission. Lilly undertakes no duty to update forward-looking statements.

Refer to:  

Allison Howell; [email protected]; 317-655-1106 (Media)

Dani Barnhizer; [email protected]; 317-607-6119 (Media)

Kevin Hern; [email protected]; 317-277-1838 (Investors)

 

 

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SOURCE Eli Lilly and Company

G1 Therapeutics Announces New Supplemental COSELA™ (Trilaciclib) Sales Force

– New G1 Sales Force to Focus on Top Tier Accounts to Accelerate Sales Activities –

RESEARCH TRIANGLE PARK, N.C., Sept. 15, 2021 (GLOBE NEWSWIRE) — G1 Therapeutics, Inc. (Nasdaq: GTHX), a commercial-stage oncology company, today announced that it will hire and train a 15-person oncology sales force to supplement the Boehringer Ingelheim oncology commercial team. The expansion will allow G1 to target top tier accounts in order to accelerate sales activities and help maximize the adoption of COSELA™ (trilaciclib).

The new G1 sales representatives will supplement the existing Boehringer Ingelheim oncology commercial team. G1 entered into a three-year co-promotion agreement with Boehringer Ingelheim to collaborate on the commercialization of COSELA for its first indication in ES-SCLC. (press release)

“This additional sales force will allow us to expand the reach into our top tier accounts, who treat up to 50 percent of patients diagnosed with small cell lung cancer,” said Andrew Perry, G1’s Chief Commercial Officer. “COSELA is the only multilineage myeloprotection therapy developed to proactively reduce the risk of some of the dangerous side effects of chemotherapy in certain patients. We envision working closely with our partners at BI to maximize demand and adoption of this important medicine among these top accounts, as we seek to ensure the availability of COSELA to as many appropriate patients living with ES-SCLC as possible.”

On September 9, 2021, the G1 Board of Directors adopted the G1 Therapeutics, Inc. 2021 Sales Force Inducement Equity Incentive Plan (the “Plan”). There are 500,000 shares of common stock reserved under the Plan to be used exclusively for grants of awards to sales force individuals and support staff that were not previously employees or directors of G1, as an inducement material to the individuals’ entry into employment with G1 within the meaning of Rule 5635(c)(4) of the Nasdaq Listing Rules. The Plan was approved by the Board of Directors without stockholder approval pursuant to Rule 5635(c)(4), and the terms and conditions of the Plan are substantially similar to G1’s stockholder-approved 2017 Equity Incentive Plan, as amended.

About COSELA™ (trilaciclib) for Injection

COSELA (trilaciclib) was approved by the U.S. Food and Drug Administration on February 12, 2021.

Indication

COSELA™ (trilaciclib) is indicated to decrease the incidence of chemotherapy-induced myelosuppression in adult patients when administered prior to a platinum/etoposide-containing regimen or topotecan-containing regimen for extensive-stage small cell lung cancer.

Important Safety Information

COSELA is contraindicated in patients with a history of serious hypersensitivity reactions to trilaciclib.

Warnings and precautions include injection-site reactions (including phlebitis and thrombophlebitis), acute drug hypersensitivity reactions, interstitial lung disease (pneumonitis), and embryo-fetal toxicity.

The most common adverse reactions (>10%) were fatigue, hypocalcemia, hypokalemia, hypophosphatemia, aspartate aminotransferase increased, headache, and pneumonia.

This information is not comprehensive. Please click here for full Prescribing Information. https://www.g1therapeutics.com/cosela/pi/    

To report suspected adverse reactions, contact G1 Therapeutics at 1-800-790-G1TX or call FDA at 1-800-FDA-1088 or visit www.fda.gov/medwatch.

About G1 Therapeutics

G1 Therapeutics, Inc. is a commercial-stage biopharmaceutical company focused on the development and commercialization of next generation therapies that improve the lives of those affected by cancer, including the Company’s first commercial product, COSELA™ (trilaciclib). G1 has a deep clinical pipeline and is executing a tumor-agnostic development plan evaluating COSELA in a variety of solid tumors, including colorectal, breast, lung, and bladder cancers. G1 Therapeutics is based in Research Triangle Park, N.C. For additional information, please visit www.g1therapeutics.com and follow us on Twitter @G1Therapeutics.

G1 Therapeutics™ and the G1 Therapeutics logo and COSELA™ and the COSELA logo are trademarks of G1 Therapeutics, Inc.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “expect,” “plan,” “anticipate,” “estimate,” “intend” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements in this press release include, but are not limited to, those relating to the Company’s ability to accelerate sales activities and maximize reach into top tier accounts. Each of these forward-looking statements involves risks and uncertainties. Factors that may cause the company’s actual results to differ from those expressed or implied in the forward-looking statements in this press release are discussed in the company’s filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” sections contained therein and include, but are not limited to, the company’s dependence on the commercial success of COSELA; the development and commercialization of new drug products is highly competitive; the company’s ability to complete clinical trials for, obtain approvals for and commercialize any of its product candidates; the company’s initial success in ongoing clinical trials may not be indicative of results obtained when these trials are completed or in later stage trials; the inherent uncertainties associated with developing new products or technologies and operating as a development-stage company; and market conditions. Except as required by law, the company assumes no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information becomes available.

Will Roberts
Vice President, Investor Relations & Corporate Communications
919-907-1944
[email protected]

Rebecca Levine
Director, Corporate Communications and Public Relations
(919) 667-8711
[email protected]  



WEX Signs New Fleet Card Agreement with the State of Minnesota

WEX Signs New Fleet Card Agreement with the State of Minnesota

PORTLAND, Maine–(BUSINESS WIRE)–WEX (NYSE: WEX), a leading financial technology service provider, today announced it has been awarded and entered into the state-wide fleet card contract with the State of Minnesota through the NASPO ValuePoint Master Agreement. WEX is proud to expand its extensive government contract portfolio and continue working with state-wide fleets.

NASPO ValuePoint is the cooperative purchasing arm of the National Association of State Procurement Officials (NASPO).

With the recent signings of additional NASPO participants Washington, Oregon, Colorado, Wisconsin, Arizona and Connecticut, WEX now has 34 state government contracts and approximately 1.2 million cards issued to state, federal and local government entities.

“We believe WEX’s tools, support and expertise in the public sector are best-in-class,” said Bernie Kavanagh, senior vice president and general manager of large fleet at WEX. “We take our responsibility to meet the unique needs of government fleets very seriously, and that has been borne out with our recent wins.”

The WEX Fleet Card program provides Minnesota state agencies and other eligible local government entities with convenient payment tools, reporting and analytics to support their purchases of fuel and electric vehicle charging services as well as other fleet-related expenses.

About WEX

WEX (NYSE: WEX) is a leading financial technology service provider. We provide payment solutions to businesses of all sizes across a wide spectrum of sectors, including fleet, corporate payments, travel and health. WEX has offices in 14 countries and employs approximately 5,400 associates around the world. Learn more at LinkedIn, Facebook, Instagram, Twitter, and our corporate blog. For more information, visit www.wexinc.com.

Media

Kellie Jones

[email protected]

KEYWORDS: United States North America Maine Minnesota

INDUSTRY KEYWORDS: Technology Finance Automotive Banking Public Policy/Government Professional Services State/Local Data Management Fleet Management

MEDIA:

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